Retirement community developer McCarthy & Stone has announced the launch of its own extra care services following a consensual conclusion to its partnership with Somerset Care.
Regulated care, domestic support and property management services at the group’s 92 Retirement Living PLUS (Extra Care) development will now be delivered directly by McCarthy & Stone.
Under the move, YourLife Management Services Limited (YLMS), which has provided extra care services in the 92 developments, has become a wholly-owned subsidiary of the group.
Commenting on ending the partnership with Somerset Care, John Tonkiss, CEO of McCarthy & Stone, said: “We have developed considerable expertise in providing care and the long-term running of our developments and I would like to thank everyone at Somerset Care for being such an excellent organisation to work with.
“Now our care service is at significant scale and the partnership with Somerset Care has concluded, we have an exciting opportunity to develop the next generation of products and services in line with our new strategy. The growth of our care and service business is integral to this approach and it is essential that these services are delivered wholly by McCarthy & Stone.”
The full ownership of YLMS will assist McCarthy & Stone in rolling out several new services across its developments, including smart technology, electric car clubs, an expanded care offering, including providing care into the group’s 293 Retirement Living developments. The group is also launching a range of multi-tenure options, including rental and part rent, part buy offerings.
Gary Ridewood, CFO and Interim CEO of Somerset Care, said: “During the nine years of the partnership, both of our organisations have developed considerably, and this decision marks the beginning of a new phase for Somerset Care’s home care provision which continues to grow, supporting customers in their own homes as well as in retirement communities nationwide.”